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Old Mar 4, 2020, 8:24 am
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yosithezet
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https://m.jpost.com/Israel-News/El-A...-impact-619750

El Al is expected to make 1,000 permanent and temporary staff redundant in the coming days, the Israeli airline said on Wednesday as it rolled out a series of cost-cutting measures implemented to "ensure the future" of the company.The figure represents almost one-sixth of the airline's entire workforce and comes amid a severe decline in revenues as a result of the novel coronavirus outbreak. In addition, company executives and directors will be subject to a 20% wage cut, taking effect retroactively since March 1.
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